The Economic consequences of a catastrophic earthquake : proceedings of a forum, August 1 and 2, 1990 / Committee on Earthquake Engineering, Division of Natural Hazard Mitigation, Commission on Engineering and Technical Systems, National Research Council.

Format:

Book

Contributor:

National Research Council (U.S.). Committee on Earthquake Engineering.

Language:

English

Subjects (All):

Disasters--Economic aspects--California--Congresses.

Disasters.

Earthquakes--Economic aspects--California--Congresses.

Earthquakes.

Physical Description:

1 online resource (196 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : National Academy Press, 1992.

Language Note:

English

Summary:

This book presents the proceedings of an August 1990 forum held at the National Academy of Sciences in Washington, D.C. Topics covered include the current and potential roles of the private sector and the various levels of government before, during, and after an earthquake occurs, and alternative strategies that could be implemented to reduce the economic impacts, with emphasis placed on the role of the insurance industry.

Contents:

THE ECONOMIC CONSEQUENCES OF A CATASTROPHIC EARTHQUAKE

Copyright

Contents

Executive Summary

BACKGROUND

THEMATIC ISSUES

Economic Modeling

Direct Structural Loss Estimates

Direct Nonstructural Losses

Economic Losses Due to Business Interruption

Public Sector Economic Costs

Personal and Household Economic Losses

The Nature and Scope of Earthquake Impacts

The "Ripple Effect

Insurance and Mitigation

A New Approach

POTENTIAL RESEARCH TOPICS

Loss-Estimation Models

Economic Models

Redistributional Effects

Policy Issues

1 What is Known About Seismic Risk Nationally?

PRESENTATION OF ROBERT M. HAMILTON

GENERAL DISCUSSION OF CHAPTER 1

2 What are Likely Categories of Loss and Damage?

PRESENTATION OF CHRISTOPHER ARNOLD

PRESENTATION OF DON G. FRIEDMAN

Uses of Natural-Disaster-Loss Estimations in an Insurance Operation

Numerical Modeling of Earthquake-Caused Natural Disasters

Approximating the Natural-Disaster-Producing Mechanism

Loss Potentials of a Catastrophic Earthquake in the Central and Eastern United States

Estimation of Earthquake-Caused Fatalities

Estimation of Earthquake-caused Building Damage

Estimation of Building Damages by Fire Following an Earthquake

Loss Expectancies Based on Various Combinations of Earthquake Magnitude and Epicenter Locations

PRESENTATION OF KATHLEEN TIERNEY

PRESENTATION OF ROBERT W. KLING

Replacement Value

Benefit Value

Market-Price Appraisal

Opportunity-Cost Method

Contingent-Valuation Method

Travel-Cost Method

Loss of Social Capital

GENERAL DISCUSSION OF CHAPTER 2

3 Overview of Economic Research on Earthquake Consequences

PRESENTATION OF HAROLD COCHRANE

Useful Concepts for Identifying and Measuring Economic Damages

Income Accounting and Damage Assessment.

Direct Versus Indirect Economic Impacts

Real Versus Financial Effects

Loss-Measurement Principles

Observations about Loma Prieta

History may be a Poor Guide-the Great Tokyo Earthquake, 1923

Possible Financial Repercussions on the U.S. Economy

Useful Results can be Obtained from Simple Approaches

GENERAL DISCUSSION OF CHAPTER 3

4 Differential Impact of Earthquake Events

PRESENTATION OF ANTHONY M. YEZER

Previous Studies of Natural-Hazard Effects on a Local Economy

Natural Hazards and Regional Economic Development

Expectations and Economic Effects of Disasters

Problems in Predicting Earthquake Effects

Research Needs

PRESENTATION OF HOWARD KUNREUTHER

GENERAL DISCUSSION OF CHAPTER 4

5 Resource Shifts Following a Catastrophic Earthquake

PRESENTATION OF RONALD EGUCHI

PRESENTATION OF TAPAN MUNROE

GENERAL DISCUSSION OF CHAPTER 5

6 The "Ripple Effect

PRESENTATION OF BARBARA D. STEWART

PRESENTATION OF LEONARD K. CHENG

GENERAL DISCUSSION OF CHAPTER 6

7 How do Current Relief Policies Affect Recovery Efforts?

PRESENTATION OF L. THOMAS TOBIN

The State as a Financial Partner

Paying for the Loma Prieta Earthquake

Observations on Economic Impact Studies

PRESENTATION OF ROBERT G. CHAPPELL

PRESENTATION OF RICHARD J. ROTH, JR.

GENERAL DISCUSSION OF CHAPTER 7

References.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 178-182).

ISBN:

1-280-20347-1

9786610203475

0-309-56611-8

0-585-08521-8

OCLC:

43475687